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Ron Chalmers, edmontonjournal.com" F) \5 y3 B) q: o; Z* `. u6 g7 H. g
Published: Wednesday, April 04, 2007" w1 y% r7 d1 ^3 P
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.
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& \9 ^3 {' r. ~% w: vEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.: _. m. n+ [/ Q1 a7 |
- ~# z$ t4 `5 z2 e& _& xIn only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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0 n3 v; A/ _5 x“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.. D! |0 A ]/ i5 I
Average prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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